Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1887-12-02
UNCLE SANS FINANCES.
The Surplus Available for Debt Re.
duction During the Fiscal Year
Was $l03,47l, 097.
General Sheridan's Annual Reuort-
Postal Statistics-,Otl,er Depart.
ment Reports.
THE TREASURY,
Synopsis OF the Annual Report of Treas.
urer HYATT.

synopsis of the Annual Report of Treas-
urer Hyatt.
me annual report of james w. HYATT. Treas-
u urer OF the United States, shows that the rev.
ended June 3d. 1887, were SSH. 4O3 277: ordinary
expenditures. s267, 932, l79; surplus receipts
S,na ~ no. ZOE the reduction of tue public debt
S Sos; ~ e compared with the previous
yoAI inc receipts increased s34, 1903 $50. the on
pendtnres 449 ,04l and the surplus revenues
Sss''la,'o'. There was an increase in every item
~ revenue, the largest being in the receipts
penditures was OH account of Indians and nen.
sions, and ths largest decrease on acconnt Of
interest on the public debt. Tho reco:p pts of the
a nS ON Denartment amounted to S5l,752 3l7
anu lhe expenditures to so, $50, 1885, The rev.
euues, exclusive of deficiency appropriations
increased 81, $40, 495, and tho eNpenditnres So ,
~ nab. me ne ,mount drawn from the Treasury
in 1886. "eA'' ~o''A7'f2-
The operations of the year involved tho
flea ,s1a Sl21,9ll $50 in United States
Donds, OF which SiT, S34 200 was on account of
INC ,a SINKING fund the issue of nearly six hun
tleo saousard drafts and checks the redemp-
s s1nto o. upWar1 OF Sl93coO,ooo in the United
s neases paper currency and national bank
notes, and the handling of s1s2. ,OUO in the
CMteo states bonds deposited or withdrawn
by the national hunks
Statements OF the assets and linbil,ties of tho
treasury are given for the close of the fiscal
year. and Tor Sept. 30 and Oct. 81, 1887, in COM
Pallson with the same days last year. Ine
+ +Irgess incfease IN any item OF assets during
com ana bullion, and the largest decrease
26l43, ISL in silver dollars md bullion. The
largest incrpase in the liabilities was in the
notes, which ran up from SIS, Gl2, 5l7 to slU2,
265lS1. The available balance decreased S26-
1ss,aM and the total balance, including frac-
During the year ended Oct 81 the gold balance
increased S4l,322, 65a, the silver balance de-
creased S21, 26V,772, and the total balance ran
up si.959, 2sS The total at the end of this
obligations held as cash, were S3l9, 100, $685. and
the total Liabilities S262, 49,, 2GO
The statement of United States notes out
standing show that between June 20. 1884, and
Sept. 30, 1887, the circulation of IL and So notes
ran down from S5l, 900 to sl5, 400, 600 This
decrease has been made up by changes in other
denominations, the volume of s., $40, and $40
notes increasing about Si3,0oO,0O The ship
ments Of legal tenders and silver certificates of
small denominations, together with the in
crease in the circulation of silver coins during
upward of $1l9,OOQ00O, while, in addition, sew
eral million dollars in small gold coins have
been drawn into circulation.
,e9 Under the provisions Of the act of June g.
1872, certificates of deposit amounting to S34 :
900. 600 We're issued during the fiscal year for
United States notes lodged in tho Treasury.
The redemptions in the same period were s43,
$4,000. There remained outstanding June I'D
only 80, $4,000 which is the least amount shown
at the end Of any fiscal year since the issue be-
gan. The Treasurer attributes the limited use
OF these certificates at this time to the change
in bank reserves from notes to coin and the de-
mand for currency caused by business activity.
There We're no gold certificates issued during
the year. The redemptions amounted to
6S7 428. OF the total Of 81, l73 354 $50 issued
from November, 1865, there were outstanding at
the close of the year $l2l 4e6s17, of which 30.
Bl $50 was in the treasury and sol 225 437 in cir
culation. The holdings of the treasury decreased
nearly SiAS On ono IN the The mt ~
standing Oct 81 was $13o, 542, 931, OF which the
treasury held $50, 1873, 15s.
The silver certificates outstanding at the close
OF tie fiscal year amounted to Sl45.543 $50, an
increase Of nearly SD, 900 in twelve months.
The amount in the treasury fell off in the sau,e
period from nearly s2s 900 900 to 49, 425 1873, while
tie more than S54, GOO This increase is due
in part to the demand for small notes arising
from the discontinuance Of the issue Of lega
tender ones and twos; There was put out dur
600 in 50, and 81, 100000 in s.. Tho Treasurer be-
lieves that nearly all Of the trade dollars have
been redeemed.
The coinage of standard silver dollars for the
fiscal year was S33, $751; increase of 50
926 over 1885, On Oct. 81 the Treasury Reid
S214, 1852 and there was $62, 5l0.625 in circula-
ton. Between juno 30, 1885, and Oct. 81, 1887,
the fractional silver coin in the Treasury de.
creased from s., 9O46sl to $24. 46e, 1875 and the
minor coin from SIT ,Sl4 to Sol, 400. The l and
$ cent pieces on hand are not more than suf-
ficient for payments over the counter.
The Treasurer calls attention to the rapid de-
crease in the redemptions Of fractional cur
rency, and shows by comparison with other
paper issues that q larger amount than has
been estimated has probably been lost or de-
stroyed The amount outstanding June 80, as
shown by the books, was Sl5.322 .902. while the
redemptions for the year were only 81, l23.
The Treasurer renews the recommend atious
OF his predecessors, that all of the postal reve-
nues be deposited in the Treasury and be dis.
bursed on the warrants of the Secretary and
salaries and mileage of members Of Congress-
be dayolYed upon q disbursinu officer